Tax-saving

Kumar Mangalam Birla's salary is 209 times higher than what an average employee earns The country’s cement leader, UltraTech Cement’s Chairman and Non-Executive Director Kumar Mangalam Birla enjoyed an annual salary of Rs 19.13 crore,…

Last week, Lok Sabha finally passed the Finance Bill 2017, which incorporates provisions declared under the Union Budget. One of the most important changes mentioned under this new Bill is making Aadhaar as a mandatory requirement for…

Goods and Services Tax (GST) regime will restrict tax collected at source (TCS) for e-commerce portals at 1%, fixed. This means that GST won’t increase TCS for e-commerce portals in future, and whatever is the amount of transaction, the…

For small traders and businesses looking for ways to save taxes, this is the golden time indeed. India’s Finance Minister, Arun Jaitley has explained two ways using which small traders can save upto 46% tax. Traditionally, these…

There are strong, unconfirmed reports that in the next Union Budget, Govt. of India may revise the existing Income Tax slabs for individuals. As per insider reports, this announcement can be made before UP Elections, which are most…

As you setup your company, sell your products and services, get appreciation from customers and having a great go at business. There is one motivational factor - a good profit. And no matter what we think bottom line is the lifeline for…

Pranab Mukherjee is done with his job of presenting the Union Budget 2011 in the Lok Sabha. The budget seems to have succeeded in fighting all populist forces – be it fiscal housekeeping, a much-needed push to the reforms initiative or an…

Let me share with you a small personal tryst with investment in Equity-linked Savings Scheme (ELSS) for tax-saving purposes. Since I track stock markets closely, my preference is usually tilted towards direct equity investments rather than…